Dairy Beverages Market Share With COVID-19 Impact, Key Players Analysis, Demands, and Forecasts to 2030

 

The Dairy Beverages Market is estimated to reach a value of USD 106.85 billion by the end of 2027, growing at a rate of 5.50% during the forecast period.

Dairy drinks or beverages are healthy drinks containing several nutrients such as phytosterol, protein, magnesium, calcium, fiber, omega 3, and antioxidants. It has sufficient amounts of fats and proteins with people consuming it for post-workouts and on-the-go. The global dairy beverages market report by Market Research Future (MRFR) contains pertinent trends, opportunities, and challenges for the period between 2020 and 2027 (forecast period).

Regional Analysis

The global dairy beverages market reports regions of prime importance, namely Europe, Asia Pacific (APAC), North America, and the Rest-of-the-World (RoW).

North America Dairy Beverages Market is projected to dominate the global market by being the lead contributor owing to presence of various brands having a large presence in the region. High nutritive value of dairy and RTD beverages by consumers as well as efforts by manufacturers to take the green initiative by offering products in recyclable containers can bode well for the market till 2027.

Market Scope

The global dairy beverages market is set to reach a value of USD 106.85 Billion by 2027. With the need for beverages to serve as meal replacement meals for post-gym session, the market is expected to capitalize on this trend. Introduction of new flavors as well as preference of yogurt and whey drinks are likely to drive the market demand exponentially. High demand for ready-to-drink (RTD) beverages and launch of new concoctions can bode well for the market.

Availability of beverages in a plethora of flavors, packages, and sizes can create differentiation among products and reduce cannibalization within the market. Rising awareness levels of consumers from social media and addition of additives to the regular mix for enhancing health benefits of these drinks can drive the global dairy beverages market growth. Investments in manufacturing facilities for expanding to more regions is one of the foremost strategies of top players in the dairy beverages industry.

But increasing cases of lactose intolerance and dairy alternative drinks can pose a challenge to the market.

Segmentation

The global Dairy Beverages Market Share has been segmented by type, packaging type, and distribution channel.

Based on type, it is categorized into kefir, buttermilk, milk, and others. Milk is further divided into plain and flavored milk. Among them, milk is expected to hold a majority of the market due to benefits of milk and other supplementary ingredients. On the other hand, the kefir segment can register a remarkable growth rate due to inclination towards consumption of probiotics.

Based on packaging type, it is segmented into cans, bottles, cartons, and others.

By distribution channel, the global market has been categorized into store-based and non-store-based. The store-based segment is expected to be the dominant channel for dispersing the products to customers. This can be attributed to consumer tendency to shop at neighborhood stores. However, the non-store based segment can register a phenomenal growth rate owing to brands partnering with ecommerce stores to sell their goods.

Competitive Outlook

ITC Limited, Lactalis Group, Arla Foods amba, Britannia Industries Limited, Parag Milk Foods Ltd, Gujarat Cooperative Milk Marketing Federation Ltd., Nestlé SA, Organic Valley, The Whitewave Foods Company, Borden, Inc., Mother Dairy Fruit & Vegetable Pvt Ltd, Grupo Leche Pascual SA, The Kefir Company, Freedom Foods Group Limited, and Dean Foods Company are prominent players working in the global dairy beverages market.

The main strategy of these players would be in rebranding the drinks in consumer minds as a necessity instead of a casual drink. Capturing other demographics other than health enthusiasts can lead to additional customer demographics and reduce the image of one-milk-fits-all ideology.

Industry Update

Pick-me-up drinks are a necessity in time-consuming schedules of consumers. Keeping this in mind, Dannon Co., has launched a line of caffeinated dairy beverages under its Oikos brand. It has four new flavors and partnered with Walmart for the line to gain additional exposure and a larger base of customers.

Related Reports:

Quinoa Flour Market Research Report: Information by Type (White, Black, and Red), Category (Organic, Conventional), Distribution Channel (Store-Based and Non-Store-Based), Region (North America, Europe, Asia-Pacific and RoW) - Global Forecast till 2027 -

Caramel Market Research Report Information By Function (Colors, Toppings, Flavors, Fillings and Others), By Form (Solid, Semi-Solid and Liquid), By Application (Bakery, Dessert, Confectionery, Beverage, Dairy & Frozen Desserts, Snacks and Others), and By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030 –

Functional Beverages Market Research Report - Forecast to 2030

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com